Are we approaching the TradFi, DeFi and CeFi tipping point?

Written by Hirander Misra, CEO of GMEX Group and ZERO13

An increasing number of TradFi (traditional finance) Tier 1 and 2 institutions which traditionally operate in a CeFi (centralised finance) style are seeking access to the DeFi (decentralised finance) world, packaging products and services to mimic the centralised world. These segments acknowledge the need for some level of TradFi/DeFi/CeFi infrastructural integration to create HyFi (hybrid finance),e.g., with the FIX trading protocol, or SWIFT MQ for post-trade processing, or traditional API technologies - none of which are going away any time soon. Many more of the tools institutions rely on to manage and deliver core services simply don't exist in the DeFi world but are nonetheless essential - integration with risk management systems, for example, and within trading, clearing and settlement workflows. Because everyone wants to do things slightly differently, market participants will want to connect and collaborate using multiple solutions which encompass multiple APIs and blockchain…